If there is the threat that your home could go into foreclosure, you'll likely be filled with emotions. You could be frustrated, angry or fearful of what the future has to hold.
An interesting story about the banking company Wells Fargo has emerged. It seems that the company is now facing class-action lawsuits from people who allege that the bank improperly denied loan modifications to people who were trying to save their homes from foreclosure. These individuals all eventually lost their homes to foreclosure, leaving their families with no other option but to move out and move on.
The last thing you want to do is to move out of your home, but with missed payments adding up, you aren't sure you can remain in your home. Foreclosure defense is an option that you should look into.
If you're facing foreclosure, the good news is that there are some alternatives you can consider. These options may give you the opportunity to save your home and to prevent the damage to your credit rating that a foreclosure can cause.
If you're facing the threat of falling behind on your mortgage payments, it might not be the end of your home ownership. You will have a lot of different options available to try and prevent the foreclosure from happening or to defend against foreclosure if you bank attempts to start the process.
If you've missed paying several payments on your home mortgage, your bank could be preparing to foreclose your home. In fact, you've probably already received a letter notifying you of the foreclosure process, which may be why you've turned to this article for a solution. While there's no substitute for speaking with a professional foreclosure defense attorney, here are three common strategies that foreclosure attorneys use to fight this legal process on behalf of their clients: